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Updated over 9 years ago, 08/24/2015

Account Closed
  • Investor
  • Buffalo, NY
15
Votes |
100
Posts

Raliegh, N.C. 3/2 townhouse for sale

Account Closed
  • Investor
  • Buffalo, NY
Posted

Selling my very first rental property I bought in 2013. Selling it to move on to better things as the flip bug has me good and that is what I really enjoy.

Address - 5608 Bringle Ct Raleigh N.C.

Asking $69,500

3 bed 2 bath, deck replaced in 2014, new carpet and vinyl put down just before listing it for sale

Does need a little more TLC, but is rent ready as is. 

Appraised at $73K in Dec 2014 when I was going to re fi it to pull the cash out.

Was rented for $800 a month to long time tenants and they have not had a rent increase in the last 3 years of their occupancy. Could rent for $850-875 to new tenants.

HOA $88 and covers all exterior maint/landscape

MLS listing on Redfin -

https://www.redfin.com/NC/Raleigh/5608-Bringle-Ct-27610/home/41165473

Offering

User Stats

1,014
Posts
672
Votes
Henri Meli
  • Investor
  • Morrisville, NC
672
Votes |
1,014
Posts
Henri Meli
  • Investor
  • Morrisville, NC
Replied

Very interesting at that price range. 

Account Closed
  • Investor
  • Buffalo, NY
15
Votes |
100
Posts
Account Closed
  • Investor
  • Buffalo, NY
Replied

Henri,

   Check it out, its been a great place for me for the past year and a half. 

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User Stats

5,681
Posts
3,422
Votes
Chris Martin
  • Investor
  • Willow Spring, NC
3,422
Votes |
5,681
Posts
Chris Martin
  • Investor
  • Willow Spring, NC
Replied

@Account Closed congrats on your sale